Property investors who have had real estate in Paddington, 2021 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.38%
If we look at median property appreciation over just the last three months, Paddington has given property investors a paper return of 4.14%. This puts Suburb as 249 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Paddington, 2021. Typically our figures indicate that -5.75% is being offered, which puts this NSW suburb at 2180th most discounted overall in Australia.
With the median price for a house in Paddington being $2200000 and the advertised rent reaching $1150 the gross rental yield for property investors calculates out to be 2.72%
If you compare the increase in value of investment property in Paddington, 2021 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.99%.
While Paddington,2021 ranked number 37th in NSW for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
The most recent median price for Paddington is $941500, with sellers offering an average of -7.17% off the asking price.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.